Archives for January 2, 2008

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More pharmas implicated in Iraq bribery probe

By  Anna Lewcock

While GSK, AstraZeneca and Eli Lilly have hit the headlines in the UK Serious Fraud Office's (SFO) investigation into illegal bribes paid to Saddam Hussein's Iraqi regime, many more pharma firms are on the organisation's hit list.

Quintiles in $3bn investment deal

By  Kirsty Barnes

One Equity Partners (OEP), the private equity arm of JPMorgan Chase, is in the process of selling its stake in Quintiles for a reported sum of over $3bn.

A drug cocktail to bust brain tumours

By  Mike Nagle

A team of US researchers have uncovered a cocktail of three drugs that could be effective at treating every patient with a particular type of brain cancer that typically has a dismal prognosis.

New China:US preclinical partnership formed

By  Kirsty Barnes

US-based MPI Research and China's Shanghai Medicilon have formed a joint venture in preclinical services, as they position themselves to cash in on what is a budding market sector in China.

Merck divests API plant; hands out large contract

By  Kirsty Barnes

Merck & Co has handed the reins of one of its US active pharmaceutical ingredient (API) manufacturing facilities over to new a owner, who has also secured a lucrative contract manufacturing deal with the drug giant.